Laker's Lament

The proudest boast of Britain's Sir Freddie Laker is that he made
transatlantic air travel affordable to the masses. For instance, his
walk-on Laker Skytrain service from New York City to London costs only
$250 one way, less than half of what most other airlines have been
charging for even their economy-class tickets. But suddenly, Sir
Freddie finds that he is facing stiff competition from one of the very
airlines that his cutthroat pricing policies had siphoned business from
in the first place: Pan American World Airways. Under its new chairman,
C. Edward Acker, the loss-plagued air...